Estate of Louisa Spencer Announces Disposition of Common Shares of Hamilton Thorne Ltd.

Beverly, Massachusetts and Toronto, Ontario–(Newsfile Corp. – August 10, 2021) – The Estate of Louisa Spencer (the “Estate“) announces that, on August 9, 2021, it disposed of 601,900 common shares (“Common Shares“) in the capital Hamilton Thorne Ltd. (the “Corporation“) through the facilities of the TSX Venture Exchange at an average price of C$2.09 per Common Share (the “Disposition“) for aggregate cash consideration of C$1,257,971. Immediately prior to the Disposition, Spencer owned and controlled 11,611,508 Common Shares, representing approximately 8.21% of the issued and outstanding Common Shares. Immediately following the Disposition, Spencer owns and controls 11,009,608 Common Shares, representing 7.79% of the issued and outstanding Common Shares on a non-diluted basis.

Spencer disposed of the 601,900 Common Shares in order to monetize such Common Shares. Spencer may, from time to time and at any time, dispose of additional Common Shares in the open market or otherwise, as applicable, and to engage in similar transactions with respect to such shares, the whole depending on market conditions and other relevant factors. Spencer has no present intention to acquire securities of the Corporation.

This news release is being issued under the early warning provisions of Canadian provincial securities legislation. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy for this release.

For further information or a copy of the early warning report related to this matter, please contact:

Roderick Spencer, the Trustee for the Estate of Louisa Spencer
602 Bay Street
Santa Monica, CA 90405
(310) 614-1375

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92726.